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September 2021 2021-MLR-070

Unlocking the Powerful Immune Properties of the Skin to

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September 2021

2021-MLR-070

SAFE HARBOR STATEMENT

This presentation contains forward looking statements including, but not limited to, statements concerning the outcome or success ofDBV’s clinical trials; its ability to successfully gain regulatory approvals and commercialize products; its ability to successfully advanceits pipeline of product candidates; the rate and degree of market acceptance of its products; and its ability to develop sales andmarketing capabilities. Forward looking statements are subject to a number of risks, uncertainties and assumptions. Moreover, DBVoperates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for DBV’smanagement to predict all risks, nor can DBV assess the impact of all factors on its business or the extent to which any factor, orcombination of factors, may cause actual results to differ materially from those contained in any forward looking statements it maymake. In light of these risks, uncertainties and assumptions, the forward looking events and circumstances discussed in thispresentation may not occur and actual results could differ materially and adversely from those anticipated or implied in the forwardlooking statements. You should not rely upon forward looking statements as predictions of future events. Although DBV believes thatthe expectations reflected in the forward looking statements are reasonable, it cannot guarantee that the future results, levels ofactivity, performance or events and circumstances reflected in the forward looking statements will be achieved or occur. Moreover,except as required by law, neither DBV nor any other person assumes responsibility for the accuracy and completeness of the forwardlooking statements. Forward looking statements in this presentation represent DBV’s views only as of the date of this presentation.DBV undertakes no obligation to update or review any forward looking statement, whether as a result of new information, futuredevelopments or otherwise, except as required by law.

2

DBV IS A GLOBAL, CLINICAL-STAGE BIOPHARMACEUTICAL COMPANY

We are dedicated to improving the lives of patients with food allergies and other immunological diseases

Our science-driven leadership team has deep regulatory and commercial experience

We have a dedicated team of ~100 professionals, with locations in the United States and France

DBV shares are traded on Euronext Paris (DBV) and Nasdaq (DBVT)

DBV's approach to allergy research is based on epicutaneous immunotherapy

3

• Downregulation of pro-inflammatory cells

• Suppression of Th2 and other allergen-specific effector T cells

• Suppression of inflammatory DCs• Induction of tolerogenic DCs

• Decrease in allergen-specific IgE• Induction of IgG4

Th2

DC

Mast cell

B cell

Eosinophils

Basophils

4

Antigen Presenting Cells capture allergen and induce unique Regulatory T Cells

Regulatory T Cells act on the immune system to alter allergic response

EPIT delivers allergen to intact skin

Epidermis

Dermis

Allergen

Regulatory T Cells

Antigen Presenting

Cell

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.DC=dendritic cell; IgE=immunoglobulin E; IgG4=immunoglobulin G4; Th2=T-helper 2 cell.1. Mondoulet L, et al. J Allergy Clin Immunol. 2015;135:1546-57. 2. Mondoulet L, et al. Allergy. 2019;74:152-164. 3. Moingeon P, Mascarell L. Sem Immunol. 2017;30:52-60. 4. Feuille E, Nowak-Wegrzyn A. Allergy Asthma Immunol Res. 2018;10:189-206. 5. Tordesillas L, et al. Immunity. 2017;47(1):32-50. 6. Dioszeghy V, et al. Cell Mol Immunol. 2017;14:770-782.

EPICUTANEOUS IMMUNOTHERAPY (EPIT™) AIMS TO RE-EDUCATE THE IMMUNE SYSTEM BY INDUCING SPECIFIC REGULATORY T CELLS1-6

THE VIASKIN™ PATCH, OUR NOVEL APPROACH TO EPIT, USES MINIMAL AMOUNTS OF ANTIGEN TO INDUCE AN IMMUNE RESPONSE1-4

The condensation chamber enables natural epidermal water loss to solubilize dry antigen deposited on the patch using an innovative electrospray technology

Solubilized antigen is captured by skin dendriticcells (eg, Langerhans cells) in the epidermis

Langerhans cells process the antigen, migrate to the lymph nodes and present its epitopes to the lymphocytes, leading to a specific immune response

Antigen delivered via Viaskin is not detected in the bloodstream in animal models

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.1. Dioszeghy V, et al. J Immunol. 2011;186:5629-5637. 2. Mondoulet L, et al. Immunotherapy. 2015;7:1293-1305. 3. Mondoulet L, et al. Clin Transl Allergy. 2012;2:22. 4. Fleischer DM, et al. Allergy Asthma Proc.2020; 41(5):326-335. 5

Water loss and

solubilization

Condensation chamber

Langerhans cells

VIASKIN™ HAS MULTIPLE POTENTIAL APPLICATIONS IN FOOD ALLERGIES AND IN OTHER IMMUNOLOGICAL CONDITIONS

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority. 6

THERE ARE MULTIPLE UNMET NEEDS CONCERNING THE MANAGEMENT OF PEANUT ALLERGY

Reactions Are Unpredictable• Reactions to peanut are more likely to be severe than in other food allergies1

• Many factors — such as exercise, infection, asthma, hormones and stress — contribute to reaction severity, making it unpredictable6

For Many Families, Avoidance Is Not Enough • Accidental exposures still happen despite families’ best efforts4

• In a follow-up, prospective study, approximately 41% of peanut-allergic children reported an accidental exposure within 3 years of diagnosis5

Peanut Allergy Imposes a Substantial Burden on Families• Increased anxiety and healthcare costs, and decreased quality of life for patients and

their families due to fear of life-threatening reactions7,8

• ~30% of children who suffer from food allergy have reported that they were bullied or harassed because of their food allergy9

More Children Are Living with Peanut Allergy Than Ever Before• 860K children ages 4–11 have peanut allergy in the US,1,2 ~480K in EU2

• ~80% will not outgrow their allergy3

1. Gupta RS, et al. Pediatrics. 2018;142:e20181235. 2. DBV data on file. 2018. 3. Savage J, et al. J Allergy Clin Immunol Pract. 2016;4:196-203. 4. Capucilli P, et al. Ann Allergy Asthma Immunol. 2020;124:459-465. 5. Kansen HM, et al. J Allergy Clin Immunol. 2020;145:705-707.e7. 6. Turner PJ, et al. Allergy. 2016;71:1241-1255. 7. Shaker MS, et al. Curr Opin Pediatr. 2017;29:497-502. 8. Blaiss MS, et al. J Manag Care Spec Pharm. 2021;27:516-527. 9. Shemesh E, et al. Pediatrics. 2013;131:e10-e17. 7

ALLERGISTS, FAMILIES, AND CHILDREN WANT ADDITIONAL PROTECTION FROM ALLERGIC REACTIONS DUE TO ACCIDENTAL PEANUT EXPOSURECaregivers and physicians are seeking a treatment that1,2:

1. Reduces the likelihood of an allergic reaction in case of accidental exposure

2. Has a low risk of a serious reaction caused by the treatment and low risk of side effects

3. Is accepted by the caregiver and child

The goals of peanut allergy treatment aim to maximize effectiveness by balancing efficacy, safety, and practicality1,3

Multiple treatment options are desired so families and allergists can together choose the best approach considering3:

1. Patient preference2. Family lifestyle3. Medical evidence

1. Greenhawt M, et al. Ann Allergy Asthma Immunol. 2018;120:620-625. doi:10.1016/j.anai.2018.03.001. 2. DBV data on file. 2017. 3. Anagnostou A, et al. J Allergy Clin Immunol Pract. 2020;8:46-51. 8

OCCURRENCE OF REACTIONS IS DETERMINED BY THE RELATIONSHIP BETWEEN ELICITING DOSE AND EXPOSURE DOSE

The amount of allergen that induces unmistakable allergic symptoms1:

1. How much food was consumed?

2. How much allergen was present in the food?

The amount of allergen accidentally ingested, determined by two factors2:

1. Sampson HA, et al. J Allergy Clin Immunol. 2012;130:1260-1274. 2. Blom WM, et al. Food Chem Toxicol. 2019;125:413-421. 3. Baumert JL, et al. J Allergy Clin Immunol Pract. 2018;6:457-465.e4. 9

Eliciting Dose Exposure Dose

An allergic reaction is predicted to occur when a patient’s eliciting dose is less than an exposure dose3

Reaction Prediction

Allergen (mg)

Reaction Predicted

0 mg

500 mg

150 mg

30 mgEliciting Dose

Exposure Dose

No Reaction Predicted

0 mg

300 mg

500 mg

Allergen (mg)

150 mgExposure Dose

Eliciting Dose

MODELING* DATA SUGGEST INCREASING A PATIENT’S ELICITING DOSE DECREASES THE RISK OF AN ALLERGIC REACTION1

*The Quantitative Risk Analysis model inputs variables including the clinical threshold for peanut-allergic individuals and the exposure dose of peanut residue to predict the allergenic risk associated with the exposure to residual peanut protein. ED=eliciting dose.1. Baumert JL, et al. J Allergy Clin Immunol Pract. 2018;6:457-465. 10

Decrease in Reaction Risk Following Allergen Immunotherapy

ED before allergen immunotherapy 1 mg

10 mg

30 mg

300 mgED after allergen immunotherapy

Increasing a patient’s eliciting dose from 1, 10, or 30 mg to 300 mg or100 or 300 mg to 1,000 mg

via allergen immunotherapy is predicted to reduce their risk of an allergic reaction by >99%

ED before allergen immunotherapy

300 mg

ED after allergen immunotherapy

100 mg

1,000 mg

VIASKIN™ PEANUT CLINICAL PROGRAM: COMMITTED TO GENERATING LONG-TERM DATA TO INFORM REAL-LIFE USE1

Phase 1 Phase 2b

36 months Real life use and safety

CompletedNCT02916446

Open-Label LT Follow-up

392 patients2

24 months Safety & efficacy

CompletedNCT01955109

Open-Label LT Follow-up

171 patients

OLFUS–VIPES

60 months2

Safety & efficacyOngoing

NCT03013517

Open-Label LT Follow-up

298 patients36 months

Safety & efficacyOngoing

NCT03859700

Open-Label LT Follow-up

330 patients

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.EPIT=epicutaneous immunotherapy; EPITOPE=EPIT in Toddlers with Peanut Allergy; EPOPEX=EPITOPE Open-label Extension Study; LT=long-term; OLFUS-VIPES=Open-Label Follow-Up Study-VIPES; PEOPLE=PEPITES Open Label Extension Study; PEPITES=Peanut EPIT Efficacy and Safety Study; REALISE=Real Life Use and Safety of EPIT; VIPES=Viaskin Peanut’s Efficacy and Safety. 1. Clinicaltrials.gov. 2. DBV data on file.

2-week treatment period/age cohort

CompletedNCT01170286

PEP01.09

100 patients6-50 years of age

12 months Safety & efficacy

CompletedNCT01675882

VIPES6-55 years of age

221 patients12 months

Safety & efficacyCompleted

NCT02636699

4-11 years of age

356 patients6 months

Real life use and safetyCompleted

NCT02916446

4-11 years of age

393 patients12 months

Safety & efficacyOngoing

NCT03211247

1-3 years of age

414 patients

Phase 3

11

EFFICACY DATA OF VIASKIN™ PEANUT IN CHILDREN AGES 4–11 YEARS

Pivotal Phase 3 Study (PEPITES)1 Open-label Follow-on Study (PEOPLE)2

12

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*The prespecified 15% lower bound of the 95% CI of the difference between treatment groups was not met (95% CI: 12.4, 29.8). The clinical relevance of this in food allergy is unknown.1

†Based on ITT population; missing data calculated using mBOCF. DBPCFC=double-blind, placebo-controlled food challenge; ED=eliciting dose.1. Fleischer DM, et al. JAMA. 2019;321:946-955. 2. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874. 3. DunnGalvin A et al. J Allergy Clin Immunol Pract. 2021;9:216-224.e1.

After 12 months, a significantly larger percentage of participants responded to Viaskin Peanut treatment vs placebo patch (35.3% vs 13.6% [P<0.001])*

75.9% of subjects demonstrated an increase in ED from baseline to Month 36

51.8% of subjects reached an ED of ≥1,000 mg at Month 36, compared to 40.4% at Month 12

Patients in the Viaskin Peanut treatment arm were 4x more likely to experience an increase in eliciting dose than patients in the placebo arm

13.5% of subjects were able to tolerate the full DBPCFC of 5,444 mg (~18 peanuts) at Month 36

Food Allergy Quality of Life (QoL) Assessment in PEPITES, PEOPLE3

• Based on validated food allergy QoL questionnaires, children experienced statistically significant QoL improvements after 2 years of Viaskin Peanut treatment

VIASKIN™ PEANUT SAFETY INFORMATION FROMCLINICAL TRIALS TO DATE1,2

Most Common AEs In PEPITES (Months 0–12) and PEOPLE (Months 12–36),

the most commonly reported treatment-related AEs were local application site reactions, which were mostly mild to moderate in severity

– Local application site reactions decreased in frequency and severity over time

Adherence and Discontinuation Rates A mean compliance of 98% was observed over 3 years of

treatment TEAEs leading to permanent discontinuation occurred in:

– 1.7% of patients treated with Viaskin Peanut vs 0% with placebo from Months 0–12

– 2% of patients treated with Viaskin Peanut from Months 12–36

Treatment-related Anaphylaxis* and Epinephrine Use 8 (3.4%) Viaskin Peanut participants experienced

10 events of treatment-related anaphylaxis* in 12 months of treatment

– All were graded as mild or moderate, and 6 of the 10 events were treated with injectable epinephrine

No treatment-related epinephrine use was observed in the PEOPLE study (Months 12–36)

– 1 patient experienced 1 possibly related mild anaphylaxis that resolved without treatment

13

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Anaphylaxis was defined according to NIAID, which has been shown to be highly sensitive but moderately specific, in an attempt to capture as many reactions as possible. Severe anaphylaxis was defined by the presence of cyanosis, hypoxia, hypotension, confusion, loss of consciousness, or incontinence. AE=adverse event; TEAE=treatment-emergent adverse event.1. Fleischer DM, et al. JAMA. 2019;321:946-955. 2. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874.

IF APPROVED, VIASKIN PEANUT MAY OFFER A CONVENIENT, EASY-TO-USE TREATMENT FOR PATIENTS AND THEIR FAMILIES

Viaskin Peanut is designed to have the following features:

Applied at home, once a day

No treatment escalation, minimizing number of extra doctor's appointments

No activity limitations

No restriction on activities such as exercise or hot bath/shower

No oral peanut ingestion required

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority. 14

WE ARE PURSUING POTENTIAL APPROVAL OF VIASKIN™

PEANUT IN CHILDREN AGES 4–11 IN THE UNITED STATES

Complete Response Letter (CRL) received in August 2020. FDA identified the following concerns1:– Impact of patch-site adhesion on efficacy– Need for patch modifications and supplementary clinical data to support a modified patch– Need for Human Factors study with modified patch – Additional Chemistry, Manufacturing and Controls (CMC) data requested – FDA did not raise any safety concerns related to Viaskin Peanut

FDA feedback received in January 2021 provided a well-defined regulatory path forward for Viaskin Peanut2

– A modified Viaskin Peanut patch (mVP) should not be considered a new product entity provided the occlusion chamber and the peanut protein dose of the current Viaskin Peanut patch (cVP) remain unchanged and perform in the same way

– FDA requested an assessment comparing the uptake of allergen (peanut protein) between cVP and mVP– FDA recommended a 6-month, well-controlled safety and adhesion trial to assess mVP in children ages 4-11– FDA did not require a trial with mVP that includes an efficacy measure such as a double-blind placebo-controlled

food challenge

15

Epicutaneous immunotherapy and Viaskin Peanut are under clinical investigation and have not been approved for marketing by any health or regulatory authority.FDA=US Food and Drug Administration.1. DBV Technologies. Press Release. August 4, 2020. Accessed July 13, 2021. https://www.dbv-technologies.com/wp-content/uploads/2020/08/dbv-technologies-receives-complete-response-letter-from-fda-for-viaskin-peanut-bla-.pdf. 2. DBV Technologies. Press Release. January 14, 2021. Accessed July 13, 2021. https://www.dbv-technologies.com/wp-content/uploads/2021/01/dbv-press-release-fda-feedback_01.14.2021_final_english.pdf.

VIASKIN PEANUTUS

SIGNIFICANT PROGRESS MADE IN DEVELOPING MODIFIED PATCHES AND MVP CLINICAL STUDY EFFORTS

16

VIASKIN PEANUTUS

Identify potential modifications

Produce modified patch prototypes

In vitro, in vivo testing

Initiate manufacturing modifications

Select 5 mVPs to advance to CHAMP

mVP Clinical Development PlanPatch Modification

5 mVP Candidates

CHAMP: Modified patch study (5 mVPs, 1 cVP) in healthy adult volunteers Two mVPs selected for further development

STAMP: 6-month safety, adhesion study in children ages 4–11 with peanut allergy Protocol submitted to FDA for review

PREQUAL: EQUAL methodology and assay validation study in healthy adult volunteers Study initiated

EQUAL: Allergen uptake equivalence study Ongoing exchanges with FDA

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.CHAMP=Comparison of adHesion Among Modified Patches; cVP=current Viaskin Peanut; EQUAL=EQuivalence in Uptake of ALlergen; FDA=Food and Drug Administration; mVP=modified Viaskin Peanut; STAMP=Safety, Tolerability, and Adhesion of Modified Patches.

Pre-submission Validation Clock Stop*

Primary Evaluation

Secondary Evaluation

Clock Stop*

Final Evaluation

CHMPOpinion

EMA REVIEW OF VIASKIN™ PEANUT MAA PROCEEDING ACCORDING TO STANDARD EVALUATION TIMELINE1

Day 0 Day 1

4Q 2020

Day 120

1Q 2021

Day 121

Day 181

Day 210

Day 277

4Q21 – 1Q22

Day 180

3Q 2021

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*During a 'clock stop' the evaluation is paused while the applicant prepares the responses to the CHMP’s questions and issues.CHMP=Committee for Medicinal Products for Human Use; EMA=European Medicines Agency; MAA=Marketing Authorization Application.1. European Medicines Agency. Updated October 2, 2020. Accessed June 29, 2021. https://www.ema.europa.eu/en/human-regulatory/marketing-authorisation/evaluation-medicines-step-step. 17

VIASKIN PEANUT EU

0

5

10

15

20

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21

CONTINUED FINANCIAL DILIGENCE MAINTAINS OPERATING LATITUDE TO PROGRESS VIASKIN™ PEANUT

Cash balance of $125.5 million at end of 2Q 2021

Cash and cash equivalents to support business operations until 2H 2022

Global cost reduction program initiated in 1H 2020 and completed in 1H 2021, resulting in leaner organization and greater operating latitude

Net cash flow used in operating activities* in 2Q 2021 decreased by 42% compared to Q1 2020

Average Monthly Cash Used in Operations$, millions

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Excluding restructuring costs. 18

3Q 2021 Financial Results

EMA Review Continues

EQUAL, STAMP Protocol Finalization

UPCOMING CATALYSTS

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.

October 2021

2H 2021

2H 2021

19

DBV CONTACTS

Investor RelationsAnne Pollak+1 [email protected]

Public Relations and MediaAngela Marcucci+1 [email protected]

Partnering and Licensing [email protected]

Clinical Trial [email protected]

Medical Information +1 855-DBV-TECH (US and Canada)www.dbv-technologies.com/contact-us/medical-form/

20

APPENDIX: CLINICAL TRIAL DATA FOR VIASKIN PEANUT

KEY PUBLICATIONS

Dioszeghy V, Mondoulet L, Dhelft V, et al. Epicutaneous immunotherapy results in rapid allergen uptake by dendritic cells through intact skin and downregulates the allergen-specific response in sensitized mice. J Immunol. 2011;186(10):5629-5637.

Mondoulet L, Dioszeghy V, Puteaux E, et al. Intact skin and not stripped skin is crucial for the safety and efficacy of peanut epicutaneous immunotherapy (EPIT) in mice. Clin Transl Allergy. 2012;2(1):22.

Mondoulet L, Dioszeghy V, Thébault C, Benhamou PH, Dupont C. Epicutaneous immunotherapy for food allergy as a novel pathway for oral tolerance induction. Immunotherapy. 2015;7(12):1293-1305.

Sampson HA, Shreffler WG, Yang WH, et al. Effect of Varying Doses of Epicutaneous Immunotherapy vs Placebo on Reaction to Peanut Protein Exposure Among Patients With Peanut Sensitivity: A Randomized Clinical Trial. JAMA. 2017;318(18):1798-1809.

Remington BC, Krone T, Koppelman SJ. Quantitative risk reduction through peanut immunotherapy: Safety benefits of an increased threshold in Europe. Pediatr Allergy Immunol. 2018;29(7):762-772.

Baumert JL, Taylor SL, Koppelman SJ. Quantitative Assessment of the Safety Benefits Associated with Increasing Clinical Peanut Thresholds Through Immunotherapy. J Allergy Clin Immunol Pract. 2018;6(2):457-465.e4.

Fleischer DM, Greenhawt M, Sussman G, et al. Effect of Epicutaneous Immunotherapy vs Placebo on Reaction to Peanut Protein Ingestion Among Children With Peanut Allergy: The PEPITES Randomized Clinical Trial. JAMA. 2019;321(10):946-955.

Fleischer DM, Shreffler WG, Campbell DE, et al. Long-term, open-label extension study of the efficacy and safety of epicutaneous immunotherapy for peanut allergy in children: PEOPLE 3-year results. J Allergy Clin Immunol. 2020;146(4):863-874.

Fleischer DM, Chinthrajah S, Scurlock AM, et al. An evaluation of factors influencing response to epicutaneous immunotherapy for peanut allergy in the PEPITES trial. Allergy Asthma Proc. 2020;41(5):326-335.

22

PEPITES AND ITS 5-YEAR, OPEN-LABEL EXTENSION, PEOPLE, IS THE LONGEST-TERM PEANUT IMMUNOTHERAPY TRIAL

M0

Placebo (n=118)

VP 250 µg (n=238)

n=100

n=198

PEPITES (Viaskin™ Peanut 250 µg vs Placebo)1 PEOPLE (Viaskin Peanut 250 µg)2

Efficacy Endpoints• Treatment responder definition (assessed using DBPCFC)

– M0 ED ≤10 mg: responder if ED ≥300 mg at M12– M0 ED >10 mg: responder if ED ≥1,000 mg at M12

• Key secondary endpoints– Changes in ED, CRD, peanut sIgE and sIgG4

Efficacy Measurements• Percentage of patients reaching an ED ≥1,000 mg after 24

months of additional treatment with VP 250 µg• Changes in ED, CRD, peanut sIgE and sIgG4• Sustained unresponsiveness† at month 38 after 2 months

without treatment

356 patients• 4–11 years old• Confirmed peanut allergy*

n=107

n=213

DBPCFC

M12 M24Rollover to VP 250 µg

184 148

91 83

M12

M36 M48 M60

M24 M36 M38 M60

M38

M48

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.CRD=cumulative reactive dose; DBPCFC=double-blind, placebo-controlled food challenge; ED=eliciting dose; PEOPLE=PEPITES Open-Label Extension Study; PEPITES=Peanut EPIT™ Efficacy and Safety Study;sIgE=specific immunoglobulin E; sIgG4= specific immunoglobulin G4; VP=Viaskin Peanut. *Peanut allergy confirmed by specific immunoglobulin E (slgE) levels >0.7 kUA/L and skin prick test (SPT) results ( ≥6 mm for 4- to 5-year-olds or ≥8 mm for 6- to-11-year-olds).†Sustained unresponsiveness defined as no objective symptoms to ≥1000 mg ED during the M38 DBPCFC. Participants who reached an ED ≥1000 mg at Month 36 in PEOPLE were eligible, but not required, to continue for 2 additional months without treatment and were required to maintain a peanut-free diet. 1. Fleischer DM, et al. JAMA. 2019;321:946-955. 2. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874. 23

VIASKIN™ PEANUT TREATMENT EFFECT AFTER 12 MONTHS1

Placebon=118

Viaskin Peanut 250 µgn=238

Response Rate After 12 Months*

33.9%

6.7%

38.1%

30.7%

28.0%

62.6%

0%

20%

40%

60%

80%

100%

Perc

ent o

f Sub

ject

s

Change in Eliciting Dose After 12 Months†

Placebon=118

Viaskin Peanut 250 µgn=238

13.6%

35.3%

0%

10%

20%

30%

40% P<0.001

Δ= 21.7%(95% CI: 12.4, 29.8)

The prespecified 15% lower bound of the 95% CI of the difference between treatment groups was not met.

• The clinical relevance of this is not known1

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Based on ITT population. Response defined as ED of ≥300 mg at Month 12, if baseline ED was ≤10 mg or ED of ≥1,000 mg at Month 12 if baseline ED was >10 mg. †Based on ITT population; missing data calculated using mBOCF. CI=confidence interval; ED=eliciting dose; ITT=intention to treat; mBOCF=modified baseline observation carried forward.1. Fleischer DM, et al. JAMA. 2019;321:946-955.

ED IncreaseED StableED Decrease

24

CHANGE IN CUMULATIVE REACTIVE DOSE (CRD) AND ELICITING DOSE WITH LONG-TERM VIASKIN™ PEANUT TREATMENT1

223.8

1120.4

1768.8

0

500

1,000

1,500

2,000

2,500

3,000

Baseline Month 12 Month 36

144444

944

Cumulative Reactive Dose (mg)Mean, Median (-)

PEOPLE Per Protocol (N=141)

75.9% of subjects demonstrated an increase in ED from baseline to Month 36

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Tolerated=passed the double-blind, placebo-controlled food challenge without meeting PRACTALL stopping criteria.1. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874.

51.8% of subjects reached an ED of ≥1,000 mg at Month 36, compared to 40.4% at Month 12

13.5% of subjects were able to tolerate* the full DBPCFC of 5,444 mg (equivalent to ~18 peanuts) at Month 36

25

144

MOST COMMONLY REPORTED TREATMENT-RELATED ADVERSE EVENTS

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Immune System Disorders include anaphylactic reactions and non-anaphylactic hypersensitivity reactions.AE=adverse event; TEAE=treatment-emergent adverse event.1. Fleischer DM, et al. JAMA. 2019;321:946-955.

34.7%27.1%

8.5%0.8%

59.7% 57.6%

5.5% 5.0%

0%

20%

40%

60%

80%

100%

Any Treatment-related TEAE Administration Site

Skin and Subcutaneous Tissue Immune System Disorders*

% S

ubje

cts

PEPITES: Treatment-related TEAEs(occurring in ≥5% of subjects in 12 months)1

Viaskin™ Peanut 250 µg, n=238Placebo, n=118

No treatment-related gastrointestinal AEs observed

26

CHANGE IN FREQUENCY AND SEVERITY OF LOCAL ADMINISTRATION SITE REACTIONS AFTER MONTH 1

Local Administration Site Reactions in the Viaskin™ Peanut 250 µg Group Over Time1*

In the extension study period between 12 and 36 months2:

The most commonly reported treatment-related AEs were mild to moderate skin reactions

Treatment-related local administration site reactions were observed in 77.8% (154/198) of patients

Site reactions decreased to 29.9% (55/198) in Year 3 of treatment

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Includes all administration site reactions irrespective of treatment relatedness.†Reaction definitions: Grade 1: only erythema, or erythema + infiltration; Grade 2: erythema, few papules; Grade 3: erythema, many or spreading papules; Grade 4: erythema, vesicles.1. Fleischer DM, et al. JAMA. 2019;321:946-955. 2. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874.

0%

20%

40%

60%

80%

100%

% S

ubje

cts

49.2%

72.6%

83.4% 82.3%76.9%

68.2% 67.7%59.2%

Grade 4 Grade 3 Grade 2 Grade 1†

Day 1 Day 8 M1 M3 M6 M9 M12 M12 +1 Week

27

0.8%

2.9%

0%

2%

4%

6%

8%

10%

Placebo (n=118) Viaskin Peanut 250 µg(n=238)

RATES OF TREATMENT-RELATED ANAPHYLAXIS* AND EPINEPHRINE USE1,2

8 (3.4%) Viaskin™ Peanut participants experienced 10 events of treatment-related anaphylaxis* in 12 months of treatment

– All were graded as mild or moderate without evidence of cardiovascular, neurologic, or respiratory compromise

– 6 of 10 events were treated with injectable epinephrine (one dose each)

– None treated with supplemental oxygen– 5 of the 8 participants continued in the study

No treatment-related epinephrine use was observed in the PEOPLE study (Months 12–36)

– 1 patient experienced 1 possibly related mild anaphylaxis that resolved without treatment

Treatment-related TEAEs leading to epinephrine use from M0–M12

% S

ubje

cts

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Anaphylaxis was defined according to NIAID, which has been shown to be highly sensitive but moderately specific, in an attempt to capture as many reactions as possible. Severe anaphylaxis was defined by the presence of cyanosis, hypoxia, hypotension, confusion, loss of consciousness, or incontinence. M=month; TEAE=treatment-emergent adverse event.1. Fleischer DM, et al. JAMA. 2019;321:946-955. 2. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874. 28

TREATMENT ADHERENCE AND DISCONTINUATION RATES WITH VIASKIN™ PEANUT OBSERVED OVER 12, 36 MONTHS

98.5% treatment compliance at 12 months, comparable between Viaskin Peanut and placebo groups

A mean compliance of 98% was observed over 3 years of treatment

89.9% of all subjects completed the 12-month study, with similar discontinuation rates observed between treatment groups (10.5% in Viaskin Peanut group, 9.3% in placebo group)

50 patients discontinued* between the start of PEOPLE and Month 36– 27 patients discontinued between Months 30 and 36, with 22 of the 27 identifying food challenge

fright/distaste as the reason for consent withdrawal

TEAEs leading to permanent discontinuation occurred in:– 1.7% of patients treated with Viaskin Peanut vs 0% with placebo from M0–M12– 2% of patients treated with Viaskin Peanut from M12–M36

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*Includes those who discontinued prior to or during the Month 36 double-blind, placebo-controlled food challenge (DBPCFC).M=month; TEAE=treatment-emergent adverse event. 1. Fleischer DM, et al. JAMA. 2019;321:946-955. 2. Fleischer DM, et al. J Allergy Clin Immunol. 2020;146:863-874. 29

CLINICAL RELEVANCE OF INCREASING A PATIENT’S ELICITING DOSE THROUGH ALLERGEN IMMUNOTHERAPY

30ED=eliciting dose.1. Baumert JL, et al. J Allergy Clin Immunol Pract. 2018;6:457-465. 2. Parrish CP. Am J Manag Care. 2018;24(19 Suppl):S419-S427. 3. Deschildre A, et al. Clin Exp Allergy. 2016;46(4):610-20.

Highest risk Lowest risk

Decrease in risk of reaction as a function of increasing eliciting dose1

(example: ice cream) A single peanut kernel contains ~250 to 300 mg of peanut protein2

The median ED for peanut-allergic children is 67.3 mg (<1/3 of a peanut kernel)3

The median amount of peanut protein associated with real-life accidental exposure reactions is 125 mg3

Base

line

ED

(mg

pean

ut p

rote

in)

Post-immunotherapy ED (mg peanut protein)

1 3 10 30 100 300 1000

1 0% 22.7% 46.8% 68.7% 90.4% 99.5% 99.9%

3 0% 31.1% 59.5% 87.6% 99.4% 99.9%

10 0% 41.2% 82.0% 99.1% 99.9%

30 0% 69.5% 98.5% 99.9%

100 0% 94.9% 99.9%

300 0% 98.6%

1000 0%

PREDICTED RISK REDUCTION OF ALLERGIC REACTIONS CAUSED BY PEANUT-CONTAMINATED FOODS WITH VIASKIN™ PEANUT TREATMENT

31Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.1. Remington BC, et al. Ann Allergy Asthma Immunol. 2019;123:488-493.e2. 2. Remington BC, et al. Ann Allergy Asthma Immunol. 2021;126:208-209.

Risk reduction per eating occasion1

Viaskin Peanut 250 µg Placebo

Cookies -77.7% +3.0%

Donuts -76.3% +2.2%

Ice cream -73.2% +0.3%

Salty snacks -78.4% +3.9%

Modeling based on clinical trial data with Viaskin Peanut predicts:

73%–78% reduction in the risk of an allergic reaction following the consumption of prepackaged foods1

86% reduction in the risk of an allergic reaction following the consumption of single-serve meals at restaurants (restaurants cooking peanut sauces and cleaning utensils)2

PREDICTED RISK REDUCTION FOR ALLERGIC REACTIONS AFTER 12 MONTHS OF VIASKIN™ PEANUT TREATMENT1

32Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.1. Remington BC, et al. Allergy. 2021;10.1111/all.14973. doi:10.1111/all.14973.

Number needed to treat with Viaskin Peanut 250 µg for 12 months to prevent 1 allergic reaction

5.5 children

Number needed to treat with Viaskin Peanut 250 µg for 12 months to prevent 1 moderate/severe allergic reaction

9.4 children

CHANGE IN CHILDREN’S QUALITY OF LIFE WITH VIASKIN™ PEANUT OBSERVED AT 2 YEARS1

33

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.*A lower score indicates an improved QOL. †FAQLQ parent form: parent-proxy report of child's QoL (all children); child form: self report for children 8 years and older.FAQLQ=Food Allergy Quality of Life Questionnaire. 1. DunnGalvin A et al. J Allergy Clin Immunol Pract. 2021;9:216-224.e1.

-0.26

-0.85

0.08

-0.39

-1.4

-1.2

-1

-0.8

-0.6

-0.4

-0.2

0

0.2

0.4FAQLQ Parent form (proxy)† FAQLQ Child form

LS Mean Change from Baseline to Year 2 in FAQLQ Total Scores*Viaskin Peanut 250 µg during year 1 Placebo during year 1

LS mean difference: -0.34P=0.008

LS mean difference: -0.46P=0.023

N=175

N=89

N=42

N=91

CHANGE IN SEVERITY OF ALLERGIC REACTIONS WITH VIASKIN™ PEANUT TREATMENT1

34

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.DBPCFC=double-blind, placebo-controlled food challenge; M=month. 1. Bégin P, et al. Presented at AAAAI 2021 Virtual Annual Meeting. https://www.dbv-technologies.com/wp-content/uploads/2021/03/aaaai-2021_severity-pepites_poster-v4_29jan21_final.pdf

31.1%16.5%

16.2% 27.5%

0%

20%

40%

60%

80%

100%

Viaskin Peanut(n=222)

Placebo (n=109)

% S

ubje

cts

DBPCFC at M12

P<0.001

Severe Moderate None or mild

Less severe symptoms with Viaskin Peanut 250 µg at the M12 DBPCFC1

Global score and score of organ systems most likely to indicate a life-threatening response

15.8% 11.0%

38.7% 33.0%

0%

20%

40%

60%

80%

100%

Viaskin Peanut(n=222)

Placebo (n=109)

% S

ubje

cts

DBPCFC at baseline

P=0.931

Global Severity Score

EFFICACY AND SAFETY OF VIASKIN™ PEANUT IN PATIENTS WITH CONCOMITANT ALLERGIC DISEASES AT BASELINE

35

Epicutaneous immunotherapy and Viaskin are under clinical investigation and have not been approved for marketing by any health or regulatory authority.AD=atopic dermatitis; CFA=concomitant food allergies; FEV1=forced expiratory volume in 1 second; SCORAD=SCORing Atopic Dermatitis; TEAE=treatment-emergent adverse event. 1. Davis CM, et al. AAAAI 2019 Annual Meeting (Poster 735). 2. Lange L et al. EAACI 2019 congress (Abstract LBPD 1719). 3. Bégin P et al. EAACI 2020 (Abstract 1362).

Efficacy and safety results similar irrespective of the presence of concomitant food allergies

Efficacy and safety results similar irrespective of the presence of concomitant atopic dermatitis

No change in SCORAD in both groups

Concomitant Food Allergies3

at BaselineConcomitant Atopic Dermatitis1

at BaselineConcomitant Asthma2

at Baseline

Efficacy and safety results similar irrespective of the presence of concomitant asthma

No difference in respiratory TEAE between treatment arms

No change in FEV1 in both groups

PlaceboViaskin Peanut

P<0.001 P<0.001

44%

29%

18%

9%

AD No AD

% R

espo

nder

s at

12

Mon

ths

P=0.002 P=0.004

37%34%

13% 14%

Asthma No Asthma

% R

espo

nder

s at

12

Mon

ths

for interactionacross CFA status

P=0.17

33%38%

17%

9%

CFA No CFA

% R

espo

nder

s at

12

Mon

ths